09Feb2022 Market Close & Major Financial Headlines: Wall Street Opens Significantly Higher, Trades Mostly Sideways Battling Weak Resistance, DOW Closed Up 305 Points, NASDAQ Up Strongly At 2.1%, Bitcoin Steady At 44700

The Green SPAC Bubble Is Bursting

Over the past few years, investors have been pumping money into electric vehicle startups and other young green tech companies at a record clip, with many EV startups going public via the so-called SPAC deals. Also known as blank check companies, special purpose acquisition companies are companies that have no commercial operations and are formed with the sole intention to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. Special Purpose Acquisition Companies (SPACs) have

Read more at: https://oilprice.com/Energy/Energy-General/The-Green-SPAC-Bubble-Is-Bursting.html

White House: No Oil Producer Should Hold Back Supply As Oil Hits $90

No oil producer around the world should hold back supply when demand is rising, the White House says as oil hit $90, noting that the U.S. Administration has left all options on the table to address high oil and gasoline prices and could use every legal and regulatory tool available. Nobody should hold back supply at the expense of the American consumer, particularly as the recovery from the pandemic continues, and oil producers around the world have the capacity to produce at levels that match demand and reduce the high prices.

Read more at: https://oilprice.com/Latest-Energy-News/World-News/White-House-No-Oil-Producer-Should-Hold-Back-Supply-As-Oil-Hits-90.html

Fossil Fuel Workers Will Play A Vital Role In The Global Energy Transition

In 2020, at the height of the first wave of the coronavirus pandemic, United States coal production dipped to a 50-year low, with 151 domestic coal mines either closed or on hiatus. It seemed that coal was on a definitive, one-way track toward obsolescence. The past couple of years, however, have been anything but ordinary and all but predictable. By the end of 2021, U.S. coal production had reversed its downward trend and was spiking for the first time in years. A global energy crunch has sent demand for virtually any kind of energy production

Read more at: https://oilprice.com/Energy/Energy-General/Fossil-Fuel-Workers-Will-Play-A-Vital-Role-In-The-Global-Energy-Transition.html

New Breakthrough Could Speed Up Nuclear Fusion Development

Scientists and engineers have announced a record-breaking achievement of sustained fusion, which researchers say demonstrates the potential of nuclear fusion power plant designs. Although nuclear fusion has been long recognized as totally carbon- and by-product-free and the source atoms in hydrogen are abundant on Earth, replicating the Sun’s natural processes of fusion energy generation on Earth has been a challenge. That’s because this fusion needs to take place at extremely high temperatures that create hot plasma and because researchers have

Read more at: https://oilprice.com/Latest-Energy-News/World-News/New-Breakthrough-Could-Speed-Up-Nuclear-Fusion-Development.html

Europes Nuclear Fusion Race Is Going Private

The race is on to achieve commercial nuclear fusion. Believers in the holy grail of clean energy are hopeful that a breakthrough in nuclear fusion is imminent enough that the clean energy source could power a green energy transition sweeping and swift enough to help the world achieve the emissions targets set by the Paris climate accord. In order to avoid the worst impacts of climate change, leading climate scientists and policymakers from around the world agree that the global community needs to keep the planet from warming

Read more at: https://oilprice.com/Energy/Energy-General/Europes-Nuclear-Fusion-Race-Is-Going-Private.html

Democratic Senators Propose Suspending Federal Gas Tax Until End-2022

Two Democratic Senators have introduced a bill proposing the suspension of the federal gas tax until the end of 2022, as many U.S. voters are concerned with the soaring gasoline and energy prices. Senators Maggie Hassan (D-N.H.) and Mark Kelly (D-Ariz.), both of whom are up for re-election in the November midterm elections, have introduced a so-called Gas Prices Relief Act, which proposes a federal gas tax holiday until January 1, 2023, ABC News reported on Wednesday, citing a summary of the proposal sent to it. The federal gas tax has been $18.4

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Democratic-Senators-Propose-Suspending-Federal-Gas-Tax-Until-End-2022.html

71% of clients report experiencing financial anxiety. Here’s why financial planners could be missing the signs

Even people who are financially secure could be plagued by worry that a financial disaster is around the corner.

Read more at: https://www.cnbc.com/2022/02/09/financial-anxiety-is-high-why-financial-planners-may-miss-the-signs.html

CNBC Investing Club: Bausch drops details on one of its planned IPOs that will unlock value

As Club members know, we’re looking to these IPOs as a means of unlocking value by separating the three core operating business.

Read more at: https://www.cnbc.com/2022/02/09/cnbc-investing-club-bausch-drops-details-on-one-of-its-planned-ipos-that-will-unlock-value.html

Booking.com Super Bowl ad looks to tap ‘tremendous’ desire to travel, CEO says

Booking.com is reviving its “Booking.yeah” campaign in its first-ever Super Bowl commercial. The ad stars award-winning actor and director Idris Elba.

Read more at: https://www.cnbc.com/2022/02/09/2022-super-bowl-ads-bookingcom-taps-idris-elba-in-its-first-super-bowl-ad.html

Looking for an outdoors vacation spot? Rockies, Blue Ridge Mountains make top 10 list of ranges worldwide

The Rockies and Blue Ridge Mountains are two of the top 10 ranges worldwide for holidays as recently ranked by U.K. outdoor clothing and gear outfitter Blacks.

Read more at: https://www.cnbc.com/2022/02/09/rockies-blue-ridge-mountains-are-top-outdoors-vacation-spots-worldwide.html

CNBC Investing Club: Jim Cramer previews Disney earnings, reacts to AMD upgrade

CNBC’s Jim Cramer dishes out analysis on Disney ahead of earnings and AMD after the chip designer caught an analyst upgrade.

Read more at: https://www.cnbc.com/2022/02/09/investing-club-jim-cramer-previews-disney-earnings-reacts-to-amd-upgrade.html

Small towns fuel Chipotle Mexican Grill’s ambitious North American expansion plans

Chipotle Mexican Grill is looking to smaller towns to fuel North American unit growth.

Read more at: https://www.cnbc.com/2022/02/09/small-towns-fuel-chipotles-ambitious-north-american-expansion-plans.html

CVS faces its next challenge: Growing sales as demand for Covid vaccines fade

As pandemic tailwinds fade, CVS’ ambitions to become more of a health-care destination will be front and center.

Read more at: https://www.cnbc.com/2022/02/09/cvs-faces-next-challenge-growing-sales-as-covid-vaccine-demand-fades.html

CNBC Investing Club: We’re paring a problem stock on strength, would buy at lower levels

As discussed earlier today in our Morning Meeting, we are right-sizing our Boeing position into the stock’s rally.

Read more at: https://www.cnbc.com/2022/02/09/cnbc-investing-club-were-paring-a-problem-stock-on-strength-would-buy-at-lower-levels.html

Arnold Schwarzenegger, Salma Hayek star as retired Greek gods in BMW iX EV Super Bowl ad

The two decide to retire from their positions and move from Mount Olympus – home of the gods in Greek mythology – to Palm Springs, Calif.

Read more at: https://www.cnbc.com/2022/02/09/bmw-ix-super-bowl-ad-schwarzenegger-hayek-star-as-retired-greek-gods.html

New York state lifts indoor mask mandate as surge in omicron cases subsides

State officials have required businesses to ask patrons for proof of full vaccination or require mask-wearing indoors at all times.

Read more at: https://www.cnbc.com/2022/02/09/new-york-state-lifts-indoor-mask-mandate-as-surge-in-omicron-cases-subside.html

Covid proved service workers deserve better. These sisters launched an app to help them find good jobs

Sisters Deborah Gladney and Angela Muhwezi-Hall launched QuickHire to help service workers find good jobs during the pandemic.

Read more at: https://www.cnbc.com/2022/02/09/these-sisters-launched-quickhire-app-to-help-service-workers-find-good-jobs.html

The CDC still needs to approve young kids’ Covid shots, but it’s telling health agencies to expect delivery by Feb. 21

State and local health officials were able to start preordering the first doses on Feb. 7 and will begin receiving vaccine shipments on Presidents Day.

Read more at: https://www.cnbc.com/2022/02/09/cdc-tells-health-officials-to-expect-first-shipments-of-young-kids-covid-shots-by-feb-21.html

Traders Buy Bonds, Stocks, Crypto, & Commodities Ahead Of CPI ‘Event Risk’

Traders Buy Bonds, Stocks, Crypto, & Commodities Ahead Of CPI ‘Event Risk'”Buy all the things” was the message from on-high today as bonds, stocks, gold, crude, copper, and crypto all rallied on JPM initiated rumors that tomorrow’s CPI may come in light and the reassuring words of Cleveland Fed’s Mester who said – with a straight face that  “long-run inflation expectations are still well anchored”… despite The Fed’s own data mocking her…

Source: Bloomberg

“You keep using that word. I do not think it means what you think it means.”

Building on the last-hour ramp yesterday, US equities were almost a one-way street higher today with Nasdaq (up 2%) and Small Caps outperforming (there was another last-hour trend shift)…

Read more at: https://www.zerohedge.com/markets/traders-buy-bonds-stocks-crypto-commodities-ahead-cpi-event-risk

Sweden Declares The Pandemic To Be “Over”

Sweden Declares The Pandemic To Be “Over”Authored by Paul Joseph Watson via Summit News,

Sweden, a country which never imposed significant lockdown measures, has officially declared that the COVID-19 pandemic is “over” and announced that it will be lifting all remaining restrictions.

“As we know this pandemic, I would say it’s over,” Minister of Health Lena Hallengren told Dagens Nyheter. “It’s not over, but as we know it in terms of quick changes and restrictions it is.”

According to Reuters, these comments were as close as possible to the country “effectively declaring the pandemic over.”

From today, bars and restaurants are allowed to stay open beyond 11pm again and there are no limi …

Read more at: https://www.zerohedge.com/covid-19/sweden-declares-pandemic-be-over

London Police Review ‘Partygate’ Probe As Photo Of 13th Gathering Emerges

London Police Review ‘Partygate’ Probe As Photo Of 13th Gathering EmergesThe Sue Gray ‘Partygate’ report was shared with PM Boris Johnson earlier this month, but that doesn’t mean the controversy is over yet – far from it.

Earlier today, the PM, who is just barely clinging to power in the face of increasingly intense opposition, witnessed another photograph of him being released – this time, it’s a photo depicting Johnson participating in a “virtual” No. 10 Downing Street “Christmas quiz”, the 13th party to be associated with ‘Partygate’. The photo was first published by the Daily Mirror, a British tabloid. It hadn’t been revealed before. The photo shows BoJo in close proximity to three members of his staff, along with an open bottle of champagne.

According to Politico Europe, the December 15, …

Read more at: https://www.zerohedge.com/geopolitical/london-police-review-partygate-probe-photo-13th-gathering-emerges

Fauci Talks Fourth Dose, Eventually Ending Restrictions In US

Fauci Talks Fourth Dose, Eventually Ending Restrictions In USWhite House Covid-19 adviser Anthony Fauci says that Americans may be looking at a fourth jab in order to be fully vaccinated depending on things such as “age, as well as underlying conditions.”

While speaking at a Wednesday CDC briefing, Fauci said that the decision over a fourth dose would depend on data collected after the third dose.

“You measure laboratory phenomenon, but you measure the real-world data on the efficacy in preventing, for example, hospital visits as well as hospitalizations,” he said. “And I believe that you’re going to be hearing data about that as the data become available.”

DR. FAUCI: “There may be the need for yet again another boost, in this case a fourth dose boost for an individual receiving the MRNA…” pic.twitter.com/EdS53dpPRW

— Breaking911 (@Breaking911)

Read more at: https://www.zerohedge.com/covid-19/fauci-talks-fourth-dose-eventually-ending-restrictions-us

Warning over border delays when new checks kick in

A cross-party committee of MPs warns of further disruption later this year as new import controls start.

Read more at: https://www.bbc.co.uk/news/business-60308494?at_medium=RSS&at_campaign=KARANGA

Colgate products disappear from sale at Tesco

The toothpaste is being removed from the supermarket’s shelves because of a “supplier issue”.

Read more at: https://www.bbc.co.uk/news/business-60316980?at_medium=RSS&at_campaign=KARANGA

Mutual insurers LV= and Royal London end merger talks

It is the latest in a tumultuous few months for LV=, after a private equity takeover was rejected.

Read more at: https://www.bbc.co.uk/news/business-60317199?at_medium=RSS&at_campaign=KARANGA

Vedant Fashions IPO: Grey mkt hints weak listing; here’s how to check allotment status

Since the IPO was entirely an offer-for-sale, the company will not receive any proceeds from the public issue. Price range for the offer was at Rs 824-866 per share

Read more at: https://economictimes.indiatimes.com/markets/ipos/fpos/vedant-fashions-ipo-heres-how-to-check-allotment-status/articleshow/89450649.cms

PowerGrid Q3 Results: Profit declines 2% to Rs 3,292.97 crore; revenue up 3%

The company also announced a second interim dividend for the current fiscal at Rs 5.5 per share

Read more at: https://economictimes.indiatimes.com/markets/stocks/earnings/powergrid-q3-results-profit-declines-2-to-rs-3292-97-crore-revenue-up-3/articleshow/89454703.cms

Equity MF inflows continue to be robust; investors pour in Rs 14,890 cr in Jan

Amfi data released for the month on Wednesday said investors poured in a net Rs 14,887.77 crore in equity oriented funds. All but one category saw inflows led by over Rs 2,000 crore in sectoral and thematic funds. Focussed funds and those investing in broader markets also saw healthy inflows.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/equity-mf-inflows-continue-to-be-robust-investors-pour-in-rs-14890-cr-in-january-shows-amfi-data/articleshow/89450564.cms

: Amount of money wagered on the Super Bowl expected to reach over $1 billion

A surge in betting popularity and more states offering online betting are likely contributing factors in the Super Bowl sports betting boost.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7915-A444442E9B00%7D&siteid=rss&rss=1

Earnings Results: Sonos beats earnings expectations amid supply crunch

Sonos Inc. topped revenue and earnings expectations for its holiday quarter despite supply disruptions that continued to weigh on its business.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-791F-B2D6D8E02FB3%7D&siteid=rss&rss=1

Crypto: Welcome to the first ‘crypto Super Bowl’: crypto ads to run during the big game for the first time

Crypto exchange platforms like FTX and Crypto.com are shelling out millions for Super Bowl commercials this year

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-790F-4C414D39A761%7D&siteid=rss&rss=1